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Technology Stocks : Intel Corporation (INTC)
INTC 36.15-0.6%Dec 24 12:59 PM EST
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To: Lizzie Tudor who wrote (178229)6/2/2004 10:40:14 AM
From: hueyone  Read Replies (2) of 186894
 
<<This is just common sense and I'm sure thats why congress is stalling here.>>

Oh please Lizzie. Tech lobbies promising millions of dollars in campaign contributions has nothing to do with some members of Congress wanting to stall expensing stock options for another three years? You have enough money you can get folks to sponsor a bill. Imo, the proposal to stall for three years and study has absolutely nothing to do with substance. This is no different than 1994 when the tech lobbies purchased a non solution then.

I seriously doubt that 90% of Congressman are even capable of analyzing the issue---especially if they have greedy big whigs like Craig Barrett constantly filling their ears full of baloney. The fact that Congress is meddling again in this issue again is absolutely disgusting. You get cancer, you don't go to a lawyer to diagnose and fix the problem. We have an accounting problem here, and the leading figures in accounting and finance have analyzed the problem and are overwhelmingly in favor of the solution proposed by the experts at FASB, who are an independent agency set up precisely for the purpose of analyzing issues like this and proposing solutions. Let the FASB do its job and stop trying to buy a phony, self serving, non solution (for the second time in the last decade).

JMO, Huey
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